NEW YORK ( TheStreet) - Shares of The Medicines Co. ( MDCO) and Herbalife ( HLF) reached 52-week highs on Wednesday. Both stocks are rated as buys by TheStreet Ratings.
The Medicines Cos. The pharmaceutical company reported Wednesday fourth-quarter earnings of $19.6 million, or 36 cents a share, down from year-ago earnings of $58.6 million, or $1.09 a share. Shares of Medicines hit a 52-week high Wednesday of $22.82. The stock's 52-week low of $12.33 was set on Aug. 9. Medicines has a forward P/E of 18.98; the average for pharmaceutical companies is 21.93. For comparison, Medicis Pharmaceutical ( MRX) and Par Phamaceutical ( PRX) both have lower forward P/Es of 12.71 and 10.46. Five of the seven analysts who cover Medicines rate it at buy. Two analysts have hold ratings. TheStreet Ratings gives Medicines a B grade and $27.83 price target. The stock has risen 19.05% year to date.